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Sanofi's conversion of Kiadis to a private LLC delayed

Jul. 15, 2021 1:36 PM ETSanofi (SNY) StockBy: Jonathan Block, SA News Editor

Exterior view of the Sanofi headquarters building
HJBC/iStock Editorial via Getty Images

  • Sanofi (SNY -1.5%) is postponing the conversion of Kiadis Pharma, which it just acquired in April for €308M ($363.6M), to complete statutory buy-out proceedings.
  • With the acquisition, Sanofi gained access to Kiadis' "off the shelf" natural killer ("NK") cell technology platform for cancer therapy development.

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